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lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing the foundation. lori: at the end of the day you need economic growth to be supportive of tax rates, and we are just come as you said, flat line at 1%. a revision, a downward revision. you know, hell are we going to get the overall growth rate higher? do we have to wait? obviously the election is so near, but are we just putting too much hope on to washington right now and not enough on good old fashion innovation and ingenuity? >> ingenuity and in this is great, but if government policies have their foot on the throats of the innovators and those who have the ability to create jobs it will take them somewhere e
lori: remind me what tax reform should look like. >> we ought to be taxing consumption instead of productivity. the things that make an economy strong our work, savings, investment. those are things that make us stronger. we penalize the very things that are productive. we ought to be rewarding people are working and saving and investing because they're helping the economy to grow. that is why i am a fairfax -- fair tax supporter which would create a very different model. it is changing...
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Sep 29, 2012
09/12
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initially when you raise taxes, remember we're halfway through a tax year. so you can't, you can't move today and not claim you earned that money in france. so people will have to pay higher taxes this year. so they might have a little bit better of a budget over the next 12, maybe, 18 months. but after this, things start to fall apart. but more importantly, businesses are going to see growth slow down and they're going to have to lay off workers. this is where the polls and the politics starts to work against the president. melissa: i worry this is where it comes home to the u.s. because immediately today all across the news when people were reporting this story i say in france the top income bracket will pay 75%. that compares to 35% in the u.s. comparatively that looks small and invites an increase in taxes. also not fair to look at the federal tax in isolation. the top income bracket doesn't pay 35%, they pay a lot more when you layer in state, local and other property taxes and everything else you're paying. do you think this invites the same tax in the
initially when you raise taxes, remember we're halfway through a tax year. so you can't, you can't move today and not claim you earned that money in france. so people will have to pay higher taxes this year. so they might have a little bit better of a budget over the next 12, maybe, 18 months. but after this, things start to fall apart. but more importantly, businesses are going to see growth slow down and they're going to have to lay off workers. this is where the polls and the politics starts...
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Sep 28, 2012
09/12
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care will be higher taxes on those earning over $1 million. they will be taxed at 75%. he is a new media person and a millionaire and he believes the higher taxes will send a message that france is not open for business. >> the risk is not only that talent will leave the country but the young ones with talent will leave the country. >> this week has seen the paris motor show. hard selling in tough times. the french economy is stagnating and workers are being laid off. eight thousands at peugeot alone. some argue that if france is to grow again, it needs radical reform. >> in france, we must do everything for the future to have our industry competitive. beyond retreat -- restructuring, we have one of the highest. >> many of these workers face redundancy. the government says growth will return next year. others say the government has missed an opportunity to reduce state spending and make it easier to hire and fire workers. today's budget hearing reflects a deeper unresolved problem with the eurozone. as we have seen, other countries like spain and greece have been strugg
care will be higher taxes on those earning over $1 million. they will be taxed at 75%. he is a new media person and a millionaire and he believes the higher taxes will send a message that france is not open for business. >> the risk is not only that talent will leave the country but the young ones with talent will leave the country. >> this week has seen the paris motor show. hard selling in tough times. the french economy is stagnating and workers are being laid off. eight...
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Oct 1, 2012
10/12
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the french president is saying oui to a sky-high tax rate. and, american consumers brace for a price bump at the grocery store. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, october 1st. i'm angela miles. in today's first look: as the fourth quarter gets underway today, the third quarter ends on an up note. the dow rallied more than 4%, with the s&p 500 and nasdaq each pulling in gains of around 6% during the past 3 months. electric car prices are falling. nissan is offering new discounts on the leaf due to slowing sales. the car can go 100 miles on battery power. the chevy volt is also selling at a lower price. buyers are entitled to a tax break. meanwhile, some relief at the gas pump. unleaded gasoline is down a nickle per gallon from last week. and united continental's ceo tells cnbc the airline might follow in delta's tailwinds and buy an oil refinery to save money on jet fuel. larry levin of trading advantage joins us now. larry, here we are.
the french president is saying oui to a sky-high tax rate. and, american consumers brace for a price bump at the grocery store. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's monday, october 1st. i'm angela miles. in today's first look: as the fourth quarter gets underway today, the third quarter ends on an up note. the dow rallied more than 4%, with the s&p 500 and nasdaq each pulling in gains of around...
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at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirmed a further 90 billion euros would be cut over the coming two. >> 1 economy is represented here by the corporate giants to continue to flourish around the world and then there is the real economy outside these walls, where unemployment is high and consumer spending is low. the challenge facing the government is to somehow cut the deficit now that same time bridge the gap between the corporate world and the real world outside. >> with the race for the white house, mitt romney and president obama are working to win the hearts and minds of voters. or american voters in the key swing states. america remains a 50-50 nation, split between republicans and d
at the same time, there is a large number of citizens who do not pay taxes to income tax. they are liberal professions like people who put all their revenues inside society. we believe there has to be changes and we have to have a more comprehensive system that is able to control everybody. >> won the budget was announced, it was predictable. this economy has already seen 65 billion euros out of it this year. today was confirmed a further 90 billion euros would be cut over the coming two....
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more tax. this is our guarantee to the french people. on the other hand, we are asking the richest to make an effort. so the effort we're asking people to make is necessary and fair. >> ok, so the richest 10% pay more tax. this seems as if this is a government that's very mindful of trying to maintain some popularity, the popularity is plunging. but economists will be asking is this enough? is this enough to help the country out? >> well, you're right. they are mindful of the sort of that we saw in madrid this week. when we saw them talking about the middle class not being punished, you can't -- that's the highest figure it's been since france joined the euro. so they are being punished. in terms of going forward, is it enough? well, that depends on whether growth recovers. the president has said they down graded growth next year from 1% to 1.8%. but we just had confirmation that the second quarter was flat. that's nine kecty months of stagnation. unless they turn that around, this budget proba
more tax. this is our guarantee to the french people. on the other hand, we are asking the richest to make an effort. so the effort we're asking people to make is necessary and fair. >> ok, so the richest 10% pay more tax. this seems as if this is a government that's very mindful of trying to maintain some popularity, the popularity is plunging. but economists will be asking is this enough? is this enough to help the country out? >> well, you're right. they are mindful of the sort...
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Sep 26, 2012
09/12
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they pay social security taxes, state taxes, local taxes, gas, sales, property taxes. romney paid 14% in taxes last year on over $13 million in income. >> the obama team's complaint is romney is ignoring all of the other nonfederal taxes people pay when he's accusing them of not paying taxes. what happens in the second half of the ad? >> they are comparing apples to oranges again. >> they did the same thing they accused the romney team of doing which is ignoring all of the state, local, real estate, sales and other taxes people pay. for the record we checked. what did mitt romney pay according to his 2011 tax returns? here's what he paid in state and local taxes. he paid over 1.3 million dollars in state and local. he paid $214,000 plus in real estate taxes and a whopping $146 in personal property taxes. the point is he did pay the other taxes. the obama ad ignores that and focuses on the federal which they accused him of doing when talking about the 47%. if you're doing it for one side, you have to do it for the other. >> well done. thank you. >> you bet. >> heaven in
they pay social security taxes, state taxes, local taxes, gas, sales, property taxes. romney paid 14% in taxes last year on over $13 million in income. >> the obama team's complaint is romney is ignoring all of the other nonfederal taxes people pay when he's accusing them of not paying taxes. what happens in the second half of the ad? >> they are comparing apples to oranges again. >> they did the same thing they accused the romney team of doing which is ignoring all of the...
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business also faces cuts in tax breaks. the prime minister presented the 2013 budget. >> this is a budget for social justice. and it is a budget for growth. it prepares us for the future. it is a courageous and responsible budget. >> the package includes public spending cuts of 10 billion euros. france's economy is in a precarious position. second quarter gdp was stagnant, and unemployment has just talked 3 million -- topped 3 million. the government is aiming to make good on election promises while making sure austerity does not hit france into recession -- tip france into recession. >> spanish banks will need 59 billion euros to get back on their feet according to a new report commissioned by the spanish government. >> that will help take pressure off the prime minister, who is seeking to avoid a bailout. spain says they will ask for around 40 billion euros of the total sum, while the rest may be able to be raised by the banks themselves. the european commission welcomed the results. >> let's take a look at markets. europ
business also faces cuts in tax breaks. the prime minister presented the 2013 budget. >> this is a budget for social justice. and it is a budget for growth. it prepares us for the future. it is a courageous and responsible budget. >> the package includes public spending cuts of 10 billion euros. france's economy is in a precarious position. second quarter gdp was stagnant, and unemployment has just talked 3 million -- topped 3 million. the government is aiming to make good on...
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excise tax what was called a step tax in united states from one hundred thirty five until one thousand nine hundred sixty four during that time that we had it is actually a bad thing i think it's terrible i think that actually it's the robin hood tax again stop taking from the red and giving to those less fortunate let's figure out how they were on the hood tax come on come on tanya this this tax was put in place in one thousand thirty five by franklin roosevelt to pay for the cost of the securities exchange commission which he invented he created he put dba joe kennedy in charge of it with the with the joke that you know it takes a thief to catch a thief that tax started generating so much profit that in one thousand sixty four lyndon johnson did away with it who was making far more than what the c.c. caused but during that period of time from one thousand thirty five to sixty sixty four we didn't see a single major rupture in the stock market it was a relatively steady climb and now we're seeing these flash crashes were seen ups and downs and explosions and all over the place how can
excise tax what was called a step tax in united states from one hundred thirty five until one thousand nine hundred sixty four during that time that we had it is actually a bad thing i think it's terrible i think that actually it's the robin hood tax again stop taking from the red and giving to those less fortunate let's figure out how they were on the hood tax come on come on tanya this this tax was put in place in one thousand thirty five by franklin roosevelt to pay for the cost of the...
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and france wants to tax its wealthiest citizens to the hilt as president fails his first budget critics say this will only see the money flee the country. worldwide news live from moscow city center this is r t with me rule research shy iran says it is strong enough to defend itself and will retaliate with force against any attack after israel ramped up its war rhetoric before the world community at the u.n. general assembly. has been following developments in. israel's prime minister benjamin netanyahu took to the podium to address the international body and presented somewhat of a show wintel his diplomatic approach this year in his speech was to hold up somewhat of a cartoonish figure of a bomb to indicate what he believes is iran's nuclear program he was holding up this drawing literally drew a red line in it he indicated israelis believe that iran has enriched seventy percent. to make a bomb and at the ninety percent line these are really prime minister drew a red line with a marker to indicate that the international community he says should draw that line and if you run lie it wou
and france wants to tax its wealthiest citizens to the hilt as president fails his first budget critics say this will only see the money flee the country. worldwide news live from moscow city center this is r t with me rule research shy iran says it is strong enough to defend itself and will retaliate with force against any attack after israel ramped up its war rhetoric before the world community at the u.n. general assembly. has been following developments in. israel's prime minister benjamin...
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the wealthy huge new tax breaks because according to experts he have to raise taxes on the middle class who are increased the deficit to pay for if we can't trust him here how could we ever trust him here. rather than acting like sportscasters this morning declaring mitt romney the winner in my opinion the media needs to be doing its job in fact checking but ultimately president obama did fail last night he failed at calling out mitt romney as an agent of the. president didn't mention romney's forty seven percent comments he didn't mention romney's tax dodging offshore tax havens he didn't mention romney's career harvesting businesses of bain and of the president can't make the argument that romney is only looking out for the one percent and in my opinion he's going to lose more on that prospect later and tonight is a daily take for now i want to turn things over to our politics panel our panel tonight andrew langer president is to for liberty richard follow the progressive strategist and brian darlene senior fellow at the heritage foundation thanks for all your years of joining me ever
the wealthy huge new tax breaks because according to experts he have to raise taxes on the middle class who are increased the deficit to pay for if we can't trust him here how could we ever trust him here. rather than acting like sportscasters this morning declaring mitt romney the winner in my opinion the media needs to be doing its job in fact checking but ultimately president obama did fail last night he failed at calling out mitt romney as an agent of the. president didn't mention romney's...
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now, french tax lawyers tell me that only 3,000 to 5,000 people will actually be affected by this tax, but they're an important 5,000 people. some of them are packing their bags. not so much because of this tax but because what they say is france's long-term budget issues and global competitiveness. many of the younger french are going to california. yes, compared to france, california is now a low-tax state. the rich today will go where their summon treated best. some, however, will endure the pain. j.k. rowling has come out and said she's staying in britain even if they hike her taxes. she said the rich who leave are, quote, greedy tax exiles. back to you, maria. >> wow. and they're going to belgium among other places. we heard that bernard arneau was going to belgium. where are the other tax favorable places in europe? >> monaco is still fairly popular. switzerland, which is a long-time destination. not so much. the french find the way of life there boring. they're going to portugal. they're going to the u.s. and singapore and hong kong. >> all right, robert. thank you so much. we'
now, french tax lawyers tell me that only 3,000 to 5,000 people will actually be affected by this tax, but they're an important 5,000 people. some of them are packing their bags. not so much because of this tax but because what they say is france's long-term budget issues and global competitiveness. many of the younger french are going to california. yes, compared to france, california is now a low-tax state. the rich today will go where their summon treated best. some, however, will endure the...
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my my basic problem and we can get into the calculus of how many people don't pay taxes for whatever reason my basic problem for this is that if you look at people that are struggling in this country sometimes it's not an issue of unemployment sometimes it's an issue of over employment they might have to have five jobs to get by they might have back breaking work and that work is far more tough than the people sitting pretty in the top percentage of this country that is that can get out of taxes because they've got fancy attorneys that pay very little income tax let's suppose that are armed with and he would argue that the dependence on reliance is not a good thing we want to help people get off that he's not saying abandon those people and it's actually not anything about more people now he's not he doesn't want to abandon the thirty percent he's saying that seventy percent right now are for so they don't want the american pilot i'd like to like i want to tell us how you really think everybody wants to marry the american dream that anybody actually going to say i want to know i'm ha
my my basic problem and we can get into the calculus of how many people don't pay taxes for whatever reason my basic problem for this is that if you look at people that are struggling in this country sometimes it's not an issue of unemployment sometimes it's an issue of over employment they might have to have five jobs to get by they might have back breaking work and that work is far more tough than the people sitting pretty in the top percentage of this country that is that can get out of...
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ceiling for member countries higher taxes for business and wealthy individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cuts in public spending. nor has worked in a handful of french ministries over the last twenty years he says france is currently there may fall into the same trap many of his predecessors did but walking towards. the past decades of governments have been cutting and cutting and cutting mostly to expenses to balance budgets but in fact the more they cut the slower the economic growth and consequently more cuts this will be a catastrophic budget i think taxing the rich and unprecedented seventy five percent for those that earn however a million euros a year was one of our lands crucial election promises allowed a publisher editor and a french millionaire says the move is nothing but a political game. you did this to me because electric calm down to make an impression is doing something but this is all bluff it can't help it's simply not enough there's not that many rich people and friends all while we sit in
ceiling for member countries higher taxes for business and wealthy individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cuts in public spending. nor has worked in a handful of french ministries over the last twenty years he says france is currently there may fall into the same trap many of his predecessors did but walking towards. the past decades of governments have been cutting and cutting and cutting mostly to expenses to balance...
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the hands of brussels president all along has unveiled thirty seven billion euros worth of cuts and tax hikes but people are most angry at the proposed fiscal parks which would see over spending nations penalized by the. maria explains now why the treaty is so unpopular. it was prepared earlier this march by e.u. leaders including the president of france nicolas sarkozy and and german chancellor angela merkel and and forces stricter fiscal discipline from the u. members and it requires them to slash the public deficit oh to be punished to be fined critics and people who've come here say these pact is all about control the brussels want to have over the european union members if they streety is ratified that means france will have to will be obliged to reduce its budget by thirteen billion euros and of course it will affect life in france dramatically go life of ordinary people i mean this budget document says it was already ready it's been reviewed recently and it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is
the hands of brussels president all along has unveiled thirty seven billion euros worth of cuts and tax hikes but people are most angry at the proposed fiscal parks which would see over spending nations penalized by the. maria explains now why the treaty is so unpopular. it was prepared earlier this march by e.u. leaders including the president of france nicolas sarkozy and and german chancellor angela merkel and and forces stricter fiscal discipline from the u. members and it requires them to...
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horse drawn carriage dimitri and i to channel the rich and talk about what francoise whole lawns of new taxes mean for them they're going for seventy five percent in the new budget let's get to today's capital account. the financial crisis is still with us today it may have been four years ago but it's left a massive hangover in the banking system still being felt by taxpayers many americans and also shareholders and some of these banks and employees in the form of layoffs and it comes to us today a reminder in the form in evidence in news revolving around this bank bank of america so the bank announced it will pay shareholders two point four billion dollars as part of a settlement this is over the acquisition of merrill lynch back in two thousand and eight the evidence suggests that bank of america knew that it was taking on greater losses than it let on and inform shareholders and now the bank admitted no wrongdoing i should mention but before we get into the settlement let's look back at what was in tailed in this deal and to do that we have a reporter who was covering it then and she's co
horse drawn carriage dimitri and i to channel the rich and talk about what francoise whole lawns of new taxes mean for them they're going for seventy five percent in the new budget let's get to today's capital account. the financial crisis is still with us today it may have been four years ago but it's left a massive hangover in the banking system still being felt by taxpayers many americans and also shareholders and some of these banks and employees in the form of layoffs and it comes to us...
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so to a lot of voters if looks like tax cuts are a way of increasing the after tax income of middle and high income individuals but what has it got to do about jobs? it has a lot to do about jobs but i think the romney campaign has not delivered that message. david: you're a the past the romney campaign so -- >> i'm not part of the message deliverers. david: when you suggest that you guys are not pushing this hard enough in the right way, saying that you are for lowering tax rates 20% across the board and you have to deliver that message harder what do they say? >> well i shouldn't talk about my conversations with people in the campaign but i think --. david: you can with us. just you and me here. >> but i think it rice little is important for them to, in these last weeks to get across the notion that reducing tax rates and improving corporate tax competitiveness, that, those are things that can help the economy. i don't see anything in the obama campaign that will help the economy. he has a debate, they have a debate on concerns wednesday. do you think that he should begin the debate b
so to a lot of voters if looks like tax cuts are a way of increasing the after tax income of middle and high income individuals but what has it got to do about jobs? it has a lot to do about jobs but i think the romney campaign has not delivered that message. david: you're a the past the romney campaign so -- >> i'm not part of the message deliverers. david: when you suggest that you guys are not pushing this hard enough in the right way, saying that you are for lowering tax rates 20%...
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because they've got fancy attorneys that pay very little income tax let's suppose after all i'm with you and he would argue that the dependence on reliance is not a good thing we want to help people get off that he's not saying abandon those people and it's actually not saying that more people know he's not he doesn't want to abandon the thirty percent he's saying that seventy percent right now are for that they don't want the american private and i'd like to like i would have been less really really i think everybody wants to marry the american dream that anybody actually going to say i want to know i'm smart to get in i have to change that there right but here's the problem he's not explaining it there is this is sort of this is fair politics this is the old from that one movie i forget the title of it but this is the old thing that what you should be afraid of and who's to blame for it and what they're doing is they're saying you know these people aren't paying enough you're paying more this these aren't solutions any distraction at this point the election for romney any time he's
because they've got fancy attorneys that pay very little income tax let's suppose after all i'm with you and he would argue that the dependence on reliance is not a good thing we want to help people get off that he's not saying abandon those people and it's actually not saying that more people know he's not he doesn't want to abandon the thirty percent he's saying that seventy percent right now are for that they don't want the american private and i'd like to like i would have been less really...
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the french cabinet has approved the country's toughest budget in decades included up promises to tax the rich and cut public spending but the people are growing alarmed by increasing unemployment and a lack of growth both of which president francois hollande promised to address artie's marie of national report. says she may. yet to show zero shares of a. visit all the. time of promises is over it's now time for france's president francois hollande to perform a miracle this is how some of the tasks ration or laundry in his first budget. the country's image in the faltering euro zone is also at stake the government needs to save thirty billion euros in twelve months to reduce the deficit from this year's four and a half percent to three percent the e.u. ceiling for member countries higher taxes for business and about three individuals are expected to bring twenty billion and all and has outlined a plan to save the other ten billion by cutting public spending plans was so you know has worked in a handful of french ministries over the last twenty years he says france is currently there m
the french cabinet has approved the country's toughest budget in decades included up promises to tax the rich and cut public spending but the people are growing alarmed by increasing unemployment and a lack of growth both of which president francois hollande promised to address artie's marie of national report. says she may. yet to show zero shares of a. visit all the. time of promises is over it's now time for france's president francois hollande to perform a miracle this is how some of the...
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it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stick nation this is what people of com hate are protesting against in the city we don't want austerity . the pressure of concrete out of kremlin u.s. team in public sectors like u.k. sure don't put this that we are protesting against the sincerity in europe at all and everybody knows that are staring he leaves recessional control of from the city he said we are against the imposition of the austerity plan he will be very difficult for us of course we don't want that. story to measures have a letter to the national wine trying to say in many countries and the protesters have been clashing with police all ols road to europe and many here fear that france could be the next country to face this reality his dramatic reality and they say they've come here to protest to evolve these negative consequences and not to repeat the mistakes of other e.u. members. carries. to some news in brief from aroun
it says that it proposes to save thirty billion euros by cutting public spending and by increasing taxes and of course this is something it's not going to help economy growth but instead may lead to stick nation this is what people of com hate are protesting against in the city we don't want austerity . the pressure of concrete out of kremlin u.s. team in public sectors like u.k. sure don't put this that we are protesting against the sincerity in europe at all and everybody knows that are...
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credit and the earned income tax credit. i would double the earned income tax credit but it was signed under a republican president, reagan supported it, and we started the child tax credit with the strong support of the republicans in congress, and president bush doubled that, then president obama and the democratic congress increased the earned income tax credit for families of more than three children. so you had -- this is a rejection of basically more than three decades of bipartisan policy to support working family. it's not a bunch of freeloaders. there are only a little less than 4% of the total population who don't pay federal income tax and don't work and may not be looking for work. we now have the numbers on this so i think that most important thing for him is to find a way to relate to more people in these debates and speak to more of them. this is not the republican primary anymore but -- >> is he principled, do you think, mitt romney? >> that's not the issue to me. i think he will -- i think he's principled in
credit and the earned income tax credit. i would double the earned income tax credit but it was signed under a republican president, reagan supported it, and we started the child tax credit with the strong support of the republicans in congress, and president bush doubled that, then president obama and the democratic congress increased the earned income tax credit for families of more than three children. so you had -- this is a rejection of basically more than three decades of bipartisan...
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, ever since he released his tax returns, the obama campaign has been highlighting how unfair our tax policies are. watch this. >> it's crazy that mitt romney wants to get into office and lower taxes than the average american. >> i mean, these kinds of ads showing the kind of gap between what average americans pay on a percentage basis than romney than a continual revolution of loopholes. these things, i'm sure, are a part of why we're seeing him sink in the polls. >> if we can go back to i dig it, that program allows him to set up a trust for his children and his family and at a time when middle class families are worried and telling pollsters that they don't believe their children are going to do better than they did, these are the strategy that he uses to make sure his children are multimillionaires without lifting a finger when their children cannot get jobs. so in every way it plays to what steve referred to before, is this kind of empathy gap where people really don't believe that mitt romney can understand them, that he wants to help them because he doesn't think that he knows
, ever since he released his tax returns, the obama campaign has been highlighting how unfair our tax policies are. watch this. >> it's crazy that mitt romney wants to get into office and lower taxes than the average american. >> i mean, these kinds of ads showing the kind of gap between what average americans pay on a percentage basis than romney than a continual revolution of loopholes. these things, i'm sure, are a part of why we're seeing him sink in the polls. >> if we...
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are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause, pause, pause. timeout. when the president took office, the economy was contracting by 9% annual. it's now growing. don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ide
are definitely better than higher taxes. i don't dispute that. nobody disputes that. all else isn't equal. if you finance those tax cuts for the rich with huge amounts of debt as george w. bush did and as mitt romney is proposing, you're going to end up with slower growth. that's what we've got over the last ten years. there's no reason to believe any different. >> with we certainly have that over the last three years. >> exactly. >> let me ask you this, diana. >> pause,...
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to send down the total in tax the poor. some experts warn that not only french money but foreign capital will also flee with such a gloomy outlook projected for the future the current situation is not too bright either last week the country's unemployment surpassed three million for the first time in years french president francois hollande campaign slogan was change is now today four months on the raw signs of many changes here in the country but while france is economically struggling with an enormous huge budget deficit and an unemployment level the highest it's been in more than a decade the question is whether the change that people here voted for has been for the better. or if not. paris france. which has all majors are moving abroad dale's head how business desk or the story. is becoming the latest play will develop an oil field in venezuela the company will have a sixteen billion dollars into the carriage. with the venezuelan oil corporation c v p. also anticipated to toy with b.p. of britain the two firms are curre
to send down the total in tax the poor. some experts warn that not only french money but foreign capital will also flee with such a gloomy outlook projected for the future the current situation is not too bright either last week the country's unemployment surpassed three million for the first time in years french president francois hollande campaign slogan was change is now today four months on the raw signs of many changes here in the country but while france is economically struggling with an...
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it offers them tax incentives if they start a business in china. they also receive tial shall f incentives for doing government research. thank you very much. >> announcer: people in japan's northeast are focused on overcoupling the challenges of the 2011 disaster. but of it won't be easy. they have to rebuild homes, businesses, entire communities. we'll show you their struggles and their successes on the "road ahead." every wednesday, 1:00 p.m., japan time here on "newsline." >>> japanese researchers will begin a survey of radioactive fallout in forests in fukushima. they hope to find out the potential impact on people. researchers from the japan atomic energy agency plan to begin their survey later this month. they will study forests within 20 kilometer thousands of the fukushima plant. the government has designated most area as a no entry zone. researchers will look at rivers that collect spring water from underground. they will measure the levels of radioactive material and other substances in soil and waumenter for 20 years. they hope to predi
it offers them tax incentives if they start a business in china. they also receive tial shall f incentives for doing government research. thank you very much. >> announcer: people in japan's northeast are focused on overcoupling the challenges of the 2011 disaster. but of it won't be easy. they have to rebuild homes, businesses, entire communities. we'll show you their struggles and their successes on the "road ahead." every wednesday, 1:00 p.m., japan time here on...
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has now surpassed ninety per cent he's announced he's going to tax the super rich seventy five per cent. temporarily. so i just think this is a funny switch because remember marie antoinette let them eat cake she was talking about the poor and the reverse this is the reverse this is like the lefty slogan eat the rich the rich people are at war let them eat the mean. what's so crappy bread for people i don't know. i mean wonder bread in greece now for going yeah but anyway whenever it's dry bread the point is it's counter versus interesting i mean france and france is a kind of outback the kind that's on no one's horizons for the other no one's really talking about but john moulden who we interviewed and that is the city to watch as the city in the country what kind of backlash ok so if the rich is basically a lucky slogan saying if the poor get desperate they will eat the ranch alone but what do you think the backlash from the rich is going to be in france for being taxed seventy five percent the burden is on them to make up the shortfall in the budget deficit essentially you know well
has now surpassed ninety per cent he's announced he's going to tax the super rich seventy five per cent. temporarily. so i just think this is a funny switch because remember marie antoinette let them eat cake she was talking about the poor and the reverse this is the reverse this is like the lefty slogan eat the rich the rich people are at war let them eat the mean. what's so crappy bread for people i don't know. i mean wonder bread in greece now for going yeah but anyway whenever it's dry...
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taxing the rich and cutting public spending their standard tools governments result to when trying to balance their country's budget and that's what french president francois hollande is going to do as he said to present what he dug france's tough as the budget for thirty years but the stubborn lack of economic growth and skyrocketing unemployment have triggered fears the measures could only land france in deeper trouble or treason or if inertia now reports. there was. also this. year and destroys year a charge about the doctor visit of the library the time of crisis is over it's now time for france's president francois round to perform a miracle this is how some of the task facing all along in his first annual budget and the country's image in the faltering eurozone is also at stake the government needs to save thirty billion euros in twelve months to reduce the deficit from this year's four and a half percent to three percent the e.u. ceiling for member countries higher taxes for business and wealthy individuals are expected to greening twenty billion and all and has outlined a plan
taxing the rich and cutting public spending their standard tools governments result to when trying to balance their country's budget and that's what french president francois hollande is going to do as he said to present what he dug france's tough as the budget for thirty years but the stubborn lack of economic growth and skyrocketing unemployment have triggered fears the measures could only land france in deeper trouble or treason or if inertia now reports. there was. also this. year and...